Defence ministry restraints import of 351 more items
By MYBRANDBOOK
The Defence Ministry has announced a list of 351 sub-systems and components that will not be allowed to be imported under a confounded timescale beginning from the end of next year.
The items being restricted include components such as a missile approach warning sensor, shells, propellants, electrical parts, missile containers, a torpedo tube launcher and a gun fire control system.
Being the third list released by the ministry in the last 16 months, it comes as a part of the government largely aiming to make India a hub of manufacturing of military platforms and equipment.
In August last year, the ministry announced that India will stop the import of 101 weapons and military platforms like transport aircraft, light combat helicopters, conventional submarines, cruise missiles and sonar systems by 2024.
The second list was issued in May, putting import restrictions on 108 military weapons and systems such as next-generation corvettes, airborne early warning systems, tank engines and radars.
The ministry said the new initiative would save foreign exchange equivalent to around Rs 3,000 crore annually. It also released a list of 2,500 items that it said have already been “indigenised”. This is aimed at efforts to achieve self-reliance in defence manufacturing and minimize imports by defence public sector undertakings.
Nazara and ONDC set to transform in-game monetization with ‘
Nazara Technologies has teamed up with the Open Network for Digital Comme...
Jio Platforms and NICSI to offer cloud services to government
In a collaborative initiative, the National Informatics Centre Services In...
BSNL awards ₹5,000 Cr Project to RVNL-Led Consortium
A syndicate led by Rail Vikas Nigam Limited (abbreviated as RVNL), along wi...
Pinterest tracks users without consent, alleges complaint
A recent complaint alleges that Pinterest, the popular image-sharing platf...
LAVA INTERNATIONAL LTD.
NUMERIC INDIA, A Group Brand Legrand
HIMACHAL FUTURISTIC COMMUNICATIONS LTD.
HAVELLS INDIA LTD.
Icons Of India : GAUTAM ADANI CHAIRMAN ADANI GROUP
Gautam Adani is the Founder and Chairman of the Adani Group, which ran...
Icons Of India : Dr. Sanjay Bahl
Dr. Sanjay Bahl has around four decades of experience in the ICT indus...
ICONS OF INDIA : SOM SATSANGI
With more than three decades in the IT Sector, Som is responsible for ...
DRDO - Defence Research and Development Organisation
DRDO responsible for the development of technology for use by the mili...
BEL - Bharat Electronics Limited
BEL is an Indian Government-owned aerospace and defence electronics co...
ECIL - Electronics Corporation of India Limited
ECIL is distinguished by its diverse technological capabilities and it...
Indian Tech Talent Excelling The Tech World - NIKESH ARORA, Chairman CEO - Palo Alto Networks
Nikesh Arora, the Chairman and CEO of Palo Alto Networks, is steering ...
Indian Tech Talent Excelling The Tech World - Steve Sanghi, Executive Chair, Microchip
Steve Sanghi, the Executive Chair of Microchip Technology, has been a ...
Indian Tech Talent Excelling The Tech World - PADMASREE WARRIOR, Founder, President & CEO - Fable
Padmasree Warrior, the Founder, President, and CEO of Fable, is revolu...